Portugal Telecom to sell its 30 percent stake in UOL

摘要

Portugal Telecom announced that it is ready to sell its holding in Brazil-based Internet portal UOL. The mobile operator is looking to sell as much as 30 percent of its holding in the portal to Group Hypermarcas founder Joao Avles de Querioz. This decision of stake sale comes after the service provider's recent stake buyout deal with Brazil's Oi. Portugesenewspaper Diario Economio reported recently that the sale price was fixed at $208.8 million.